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New Home Lot Inventory Jumps In 4Q22, Zonda Reports in Lot Supply Index
Feb. 3, 2023 (Staff Writer) -- Zonda, the housing industry’s foremost advisors, released the New Home Lot Supply Index (LSI) for 4Q22. The New Home LSI, backed by data from Zonda, shows lot supply loosened year-over-year across the United States. The index is a...
Home Rents on the Rise: Double-Digit Increases in 52% of U.S. Cities
Feb. 3, 2023 (Staff Writer) -- Rentometer has released their Q4 2022 rent statistics for three-bedroom (3-BR) houses that are single-family rentals (SFRs). Rentometer collects data for all residential asset classes, but this report is focused on SFR because they are...
When Will the Housing Market Crash?
Source: US News --- Any period of economic uncertainty can make a major financial decision, like buying a house, more stressful. Even times of economic confidence can seem like the perfect time for the bottom to fall out, and you don’t want your home to be collateral...
Cannabis companies seeking real estate face limited choices and premium prices
Source: MJBizDaily --- Experienced cannabis entrepreneurs know that ancillary companies such as construction and banking providers often charge marijuana businesses more than their non-plant-touching counterparts—the so-called “green tax.” The green tax applies to...
US home prices slide in November for fifth straight month
Source: Fox Business --- Home prices declined again in November as higher mortgage rates continued to weigh on consumer demand for new houses. Prices slid 0.6% nationally in the period from October to November, the fifth consecutive monthly decline, the S&P...
Mortgage approvals plummet further
Source: FT Adviser --- Mortgage approvals fell for a fourth consecutive month in December 2022, reaching the lowest level seen since May 2020, during the first lockdown. Statistics released today (January 31) from the Bank of England showed that mortgage approvals...
Real estate agents vanish en masse as market slows — even in once red-hot Miami
Source: New York Post --- Real estate brokers are heading for the door in droves as the nation’s housing market cools — even in the usually scorching market of Miami. The number of “active” agents in the Florida city plunged by 36% in the fourth quarter of last year...
Still house hunting? Here’s how to navigate Tampa Bay’s tough real estate market
Source: Tampa Bay Times --- This time last year, it seemed like the entire Tampa Bay area was caught up in a home buying frenzy. But as we enter 2023, the tide has changed considerably. High interest rates, stubborn inflation and the threat of recession have caused...
Feds raises rate a quarter point, inflation still a concern
February 1, 2023 (Staff Writer) The U.S. Federal Reserve (Fed) announced its first decision of 2023 for the Federal Funds rate today. An increase of 0.25 percentage points, taking rates between 4.50% and 4.75% was approved and adopted. This is now the eighth...
Local real estate agent gives outlook for 2023
Source: WBRC --- BIRMINGHAM, Ala. (WBRC) - 2023 is bringing promising news to homebuyers. Experts say home prices are beginning to stabilize after a few rocky years, but this year experts say prices will not be as daunting. “It has been a crazy, incredibly competitive...
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